Gross Sales

Gross Sales refers to the total revenue generated from all sales transactions before any deductions such as refunds, discounts, exemptions, or non-taxable sales are applied. It represents the full value of all goods and services sold within a specific jurisdiction during a given tax period.


In Galvix, Gross Sales is calculated using the following formula:

Gross Sales = Total Sales − Marketplace Sales − Total Refunds

Where:

  • Total Sales: The total value of all transactions recorded in the jurisdiction.
  • Marketplace Sales: Sales made through online marketplaces where the marketplace facilitator is responsible for tax collection.
  • Total Refunds: Any refunded amounts related to sales within the given tax period.
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